CryptoNews

Ripple CEO Loses Bank Account, Russia's New Crypto Law, and More

November 4, 2024
Ripple CEO loses his long-term bank account, Russia publishes new crypto law, BRICS payment system aims to be a SWIFT substitute, and more in this Week in Review. Week in Review Ripple’s CEO recently disclosed the closure of his 25-year-old bank account, citing his leadership role in a crypto firm as a potential cause. Russia has introduced a new law that expands state control over digital…
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CryptoNews

US President Biden Applauds Nigeria's Crypto Cooperation and Push for Global Reform

October 30, 2024
U.S. President Joe Biden has praised Nigeria’s efforts in combating crypto-related financial crimes, including the recent release of a former Binance executive. Biden, Tinubu Strengthen US-Nigeria Ties With Crypto Crime Initiative The White House announced Tuesday that U.S. President Joe Biden held a call with Nigerian President Bola Tinubu, touching on recent humanitarian and diplomatic…
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CryptoNews

Bolivia Ramps up Stablecoin Adoption as Bank Debuts USDT Services

October 28, 2024
Stablecoin demand and adoption are poised to increase in Bolivia, as a bank has presented a USDT service suite for the first time. Bisa Bank, a private institution, now allows customers to purchase, sell, and keep USDT funds in the bank, leveraging it for remittances and international payments. First Bank in Bolivia Introduces USDT Services Private institutions are now entering the cryptocurrency…
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CryptoNews

SEC's Crypto Crackdown Questioned — Will Clear Guidance Finally Emerge?

October 23, 2024
The enforcement-heavy approach of the U.S. Securities and Exchange Commission (SEC) to crypto regulation is stifling innovation and leaving the market without clear standards, an SEC commissioner has warned. Criticizing the reliance on litigation, he argued that case-by-case enforcement delays the creation of a consistent regulatory framework, depriving investors and innovators of necessary…
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